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Merchant2000

21,205 Posts.

881

22/08/24

11:36

Post #: 75322639
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Originally posted by chuk: ↑

"How this is now trading at under 7c is major concern and Red Flag "

I bought LTP a few months ago at 26c. Merchant's red flags must have been waving on the steadily falling sp. 34c to 23.5c in 6 weeks.

So much for those red flags though. After I bought in May at a near all time low of 26c, the stock is at $1.50 today, after less than 4 months. That's nearly a 5 fold sp increase despite buying into a falling sp and red flags. The best gains come from buying near lows Merchant, not buying near the peaks and then complaining that the stock is down 50% or more. You just need to make sure you have the fundamentals right when buying low. I'm sure enough with MNB's fundamentals for my own investment.

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@chuk

6.4c -6.5c today may be a good buy today or tomorrow if no news eventuates

So many here think they are professionals in the market and ridicule others - yet those others can buy in at neat 4 year lows at their leisure

Sentiment now hold until further notice

MNB Price at posting: 6.8¢ Sentiment: Hold Disclosure: Not Held
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(20min delay)
Last 7.0¢		Change 0.000(0.00%)		Mkt cap ! $61.50M

Open	High	Low	Value	Volume
6.8¢	7.1¢	6.8¢	$31.01K	446.6K

Buyers (Bids)

No.	Vol.	Price($)
2	105808	6.8¢

Sellers (Offers)

Price($)	Vol.	No.
7.0¢	124784	1

View Market Depth

No.	Vol.	Price($)
2	105808	0.068
2	120000	0.067
1	75000	0.066
1	37500	0.065
3	181953	0.064

Price($)	Vol.	No.
0.070	124784	1
0.071	82075	2
0.072	125000	3
0.073	418053	3
0.074	50000	1

Last trade - 15.51pm 22/08/2024 (20 minute delay)

MNB (ASX) Chart

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